This exclusion is inclusive of the individual taxpayer’s lifetime
gift tax exemption: under the new rules, in 2019 a husband and wife can
transfer to their children $22.8 million of assets, free from gift tax.

This exemption is scheduled to sunset on December 31, 2025, when it is
expected to go back to $5 million, indexed for inflation.

The Annual Gift Tax exclusion remains at $15,000, as in 2018.

The Annual Gift Tax annual exclusion to a Non-US Citizen Spouse is now
increased to $155,000.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.